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MERRILL

LYNCH, PIERCE, FENNER

SEVENTY
NEW

PINE
YORK

&

BEANE

STREET
O,

N.Y.

March 15, 1947

Board of Governors of Federal Reserve System
Washington, 25,
C.
Gentlemen:
I shall greatly appreciate i t i f you will send me a
copy of the statement by Chairman Eccles recently released in
answer to questions regarding methods o f restricting monetization
of public debt by the banks*

In view o f my interest in the

Government bond market, this mateii al will be o f great value to
meĀ«

Very truly yours,

"FTTEeRoy Spangler
FLSsw